lump sum agreement

lump-sum agreement. Int’l law. An agreement for one nation that caused injuries to another nation’s citizens to make a single payment to the other nation to settle outstanding claims for those injuries. • The recipient nation has the power to decide how the settlement funds should be distributed. This method of settling claims has become increasingly common in the last 40 years as an alternative to submitting the claims to an international tribunal.

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词条贡献者

译员黎川，在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译，专注翻译各种与澳大利亚业务有关的法律文件。